Liberty Health Sciences (CSE: LHS) (OTCQX: LHSIF) - Investor Dashboard

➔ Liberty Health Sciences
CSE Ticker: LHS
Sector: Healthcare
Industry: Legal Cannabis
Country: Canada/U.S.
Employees: 20
Established: 2017
CEO: George Scorsis


Fiscal Year-End: February
Auditor: MNP
Licenses: Florida
Licensed Capacity:  Not limited
Number of Patients: <200
Headquarters: Toronto, ON

Financials (As of 8/31/17)

Cash on hand: $11.4mm
Fixed Investment: $2.37mm
Shareholders’ Equity: $62.9mm
Revenues – Last Quarter: $47K
Adj. Gross Margin : N/A
EPS : -.09

Capital Structure (As of 05/10/18)

Last Financing: $23mm Units at C$0.90
Basic Shares: 309.5mm
Warrants: 28.5mm
Options: 12.8mm
Diluted Shares: 361.3mm

Company Brief

Liberty Health Sciences is one of the first Canadian cannabis companies to focus on cultivation and distribution in the U.S. market. They launched their American expansion in the state of Florida and currently operates and manages one of thirteen licenses in that state which has a population of over 20 million people. CEO George Scorsis, a veteran of Red Bull and the former president of Mettrum, a $430mm business prior to its acquisition by Canopy Growth Corp., calls  Liberty the opportunity he has awaited his entire career. Liberty has a strong balance sheet with $10mm in cash and no debt and an extensive background in highly regulated industries, with expertise in becoming a low-cost producer. The company is committed to delivering high-quality, clean and safe pharma-grade cannabis to patients while optimizing returns to shareholders.

CEO George Scorsis


  • Operational superiority with support and expertise of its largest investor, Aphria
  • Well-known, highly-regarded management team and Board of Directors
  • Currently one of thirteen Florida operators
  • Permitted to open up to 25 dispensaries in Florida

Growth Strategy

  • Entry will be prioritized into states with large populations, multiple approved conditions and no canopy restrictions
  • Acquisition and greenfield (CT, MD, OH, PA are focus areas)
  • Florida production expansion:
    • 2mm gram production capacity by January 2018
    • 25mm gram production capacity by December 2018
  • Florida dispensary additions: Click here to view


  • Aphria support and expertise through Trademark License and Know-How License which encompasses both a proprietary Seed-to-Sale Certified quality assurance process and proprietary automation and processing methods
  • Access to capital
  • Management team and Board of Directors with substantial skin-in-the-game via ownership of shares
  • Committed to delivering high-quality, clean and safe pharmaceutical grade cannabis to American patients

George Scorsis, CEO of Liberty Health Sciences (CSE: LHS) (OTC: LHSIF),
presented at the New West Summit in Oakland on October 14, 2017.

George has 20+ Years in CPG working with regulated products. As the former President of Mettrum Health Corp, he built it to a $430M business prior to its acquisition by Canopy Growth Corp. Former President of Red Bull Canada and instrumental in restructuring the organization from a geographical and operational perspective to grew it to a $150M business. Former Executive Leader at Bacardi Canada and was fundamental in new product development and launches.

Curated Stories & News

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